270 Everett Avenue, Palo Alto, California 94301, Palo Alto, 94301 - 0 bed, 0 bath
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Palo Alto, California 94301
This High-Potential Investment Opportunity is a fully leased triplex listed at a List Price of $2,300,000, which aligns with the $2,300,000 Fair Market Value. Featuring a Condition Rating of 3, the property offers a turnkey rental asset with refreshed kitchens, baths, and in-unit laundry. Located in the prestigious Palo Alto Unified School District near Stanford University, it ensures consistent tenant demand. This stable, income-generating asset is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking long-term appreciation in a prime downtown location.
Property is move-in ready.
While the structure dates back to 1931, the property is described as having refreshed kitchens and bathrooms in all three units, along with modern conveniences like in-unit laundry. The building is fully leased and well-maintained, suggesting renovations within the 5-15 year range that keep it functional and move-in ready for tenants.
High School: Palo Alto High School (9/10).
Situated in the heart of Downtown Palo Alto, the property is steps from world-class dining and shopping, and less than a mile from Stanford University, ensuring consistent and high tenant demand.
This fully leased triplex features updated kitchens and bathrooms, in-unit laundry for all units, and private patios, offering immediate rental income with minimal initial capital expenditure required.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2096, other record living area = 1922.
With a lot size of only 2,432 square feet, the property offers very limited outdoor space and restricted potential for future footprint expansion or additional development.
Originally constructed in 1931, the property may require ongoing maintenance and potential upgrades to aging infrastructure systems common in older structures, despite recent cosmetic updates.
Exceptional investment opportunity in the heart of Downtown Palo Alto. Updated three unit building featuring three 1 bedroom, 1 bath units, each with refreshed kitchens and baths plus in-unit laundry for each. Two units enjoy private outdoor patios. One unit includes an attached garage for storage. Fully leased building with consistent, strong tenant demand. Ideally located just steps from downtown dining and shops, and less than a mile from Stanford University, Stanford Hospital and Stanford Shopping Center, plus easy commute to Silicon Valley tech companies. Its unmatched location and consistent tenant appeal make it a compelling choice for investors seeking reliable income and longterm upside in a great downtown Palo Alto location.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 1.7 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,096 | - |
| Lot Size | 2,432 | - |
| Price | $2.30M | $2.89M |
| Price per sq ft | $1.1K | $1.7K |
| Built year | 1931 | 0 |
| HOA | $0 | $0 |
| Days on market | 126 | 48 |
Apr 19, 2026
$2,300,000
$2,700,000
-15% Price Drop
Initial Listing
Mar 19, 2026
$2,700,000
Initial Listing